2023 BRL to MAD Historical Review

YEARLY HIGH

2.1155 MAD

YEARLY LOW

1.9192 MAD

YEARLY AVERAGE

2.0279 MAD

2023 BRL to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 18, valuing the pair at 2.1155. Conversely, the yearly low was recorded on January 3, dropping to 1.9192.

This high-to-low spread represents a total annual volatility of 0.1962 MAD. From a start-to-finish perspective, comparing the January average rate of 1.9727 to the December average rate of 2.0505, the exchange rate registered a net change of 3.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1155 was down 2.44% compared to the 2022 peak of 2.1685, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 52,887 MAD

2022 Average 49,269 MAD

Yearly Trough Low 47,981 MAD

Transaction Impact: A difference of 4,905.80 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0832

1.9627

JanuMarcMayJulySeptNove

BRL to MAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2.0110, compared to 2.0448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0339 points.

H1 Avg (Jan–Jun) 2.0110

H2 Avg (Jul–Dec) 2.0448

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.1114 MAD (High: 2.0895 / Low: 1.9781). On the other end, December was the most stable month, with a tight range of 0.0492 MAD (High: 2.0738 / Low: 2.0245).

August Spread (Volatile) ±0.1114

December Spread (Stable) ±0.0492

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0416 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0416

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 2.0690) against the same month in 2022 (average: 2.0545), the exchange rate shifted by +0.0145 (+0.71%).

2023 Avg (September) 2.0690

2022 Avg (September) 2.0545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0123	1.9192	1.9727
February	2.0231	1.9322	1.9889
March	2.0317	1.9275	1.9821
April	2.0716	1.9860	2.0200
May	2.0658	1.9904	2.0310
June	2.0943	2.0280	2.0711
July	2.0859	1.9889	2.0295
August	2.0895	1.9781	2.0175
September	2.1155	2.0375	2.0690
October	2.0628	1.9783	2.0294
November	2.0991	2.0443	2.0732
December	2.0738	2.0245	2.0505